Calling all energy sector disruptors
EnergyLab's Scaleup Program is designed to help the most innovative startups and large companies work together to roll out technology that will help decarbonise the energy sector. During this free and virtual program, founders will be provided with the connections and exposure they need to unlock their next wave of growth.
- Applications due: 8 March 2021
- Interviews: 22 - 31 March 2021
- Speed networking with program partners: 27 - 30 April 2021
- Program runs: 7 June - 17 September 2021
The EnergyLab Scaleup Program has been designed to provide the support that late-stage startups need to bring their clean energy solutions to a wider audience. As a baseline, you can expect to receive the following support.
Introductions to industry decision-makers
The Scaleup Program is backed by some of Australia's most innovative energy companies, which in 2020 included APA, Powerlink and AusNet Services.
Exposure to active energy-sector investors
You will receive feedback on your plans from the venture capital firms, debt providers, high-net-worths and family offices with the most expertise in scaling up clean energy startups.
Mentorship from energy sector entrepreneurs
The founders of Australia's most successful energy startups have volunteered to mentor program participants. You'll get to spend time with these talented entrepreneurs.
EnergyLab's Scaleup Program attracts some of the most talented clean energy entrepreneurs from around the world so we'll help you learn from each other.
Extensive public exposure
We'll run private and public virtual events to give you a platform to promote your business to our community and the wider public.
Expand to the Australian and New Zealand
If you're an overseas startup, we will help you develop knowledge and build the networks you need to expand into the Australian and New Zealand markets.
Access to EnergyLab's mentor network
In addition to targeted mentoring from successful entrepreneurs and active investors, you will gain access to EnergyLab's extensive mentor network.
Virtual coworking membership
EnergyLab is home to the largest virtual community of energy entrepreneurs in Australia and New Zealand. During the program, you'll enjoy complimentary membership.
A dedicated support team
During the program, you will touch base with EnergyLab's management regularly to discuss how we can further support you.
Participating in one of EnergyLab's programs is just a start. Upon graduation, you will join our growing alumni network of the most successful and impactful clean energy founders.
Work with the region's most innovative utilities
Finding an energy utility that's open to innovation is tough, and finding the right person within these organisations is even harder. During the program you will spend time with executives and heads of innovation within Australia and New Zealand's most innovative energy companies and utilities to explore opportunities to work together. Below are some of our 2020 program partners; we are currently confirming our partners for 2021.
Powerlink manages a 1,700km electricity transmission network, connecting more than four million consumers in Queensland. They're particularly interested in partnering with startups working in electric vehicles, digitisation and data management.
Counties Power owns and operates the electricity distribution network in the southern Auckland and northern Waikato regions of New Zealand. It is 100% consumer owned with one of the fastest growing distribution networks in the country, Counties Power strives to innovate for the benefit of their end-user shareholders. The company is particularly interested in working with startups in the areas of non-network solutions, energy management, advanced energy analytics and electric mobility charging.
Having officially launched in February 2020, Nectr is on a rapid journey to deliver simple, clever and sustainable energy solutions to Australians. An Australian based business, they are backed by Hanwha Energy – a global leader in renewable energy.
The IMA's vision is to unite companies with a global reach, operating in Western Australia, who are committed to building global microgrid capability by integrating emerging energy and information technologies to generate, distribute, and consume energy more efficiently, cleanly, and cost-effectively.
FRV is a leading global renewable development company in Australia, Asia, the Middle East, Africa, Europe and Latin America. FRV has built a business model that combines ownership of a diversified portfolio of clean power generation assets, seeking long-term operational and financial optimisation. In the next 4 years the company expects an investment of over USD 5 billion increasing by five-fold the total installed capacity to 7.4 GW in 2024.
Meet Australia's most active energy investors
We've gathered Australia's leading investors in energy startups, who you will pitch to and receive feedback from during the program.
Alex de Aboitiz
Alex is an active startup investor and mentor with a particular interest in cleantech and renewable energy startups. He's a limited partner in Tank Stream Ventures, Blackbird Ventures and Main Sequence Ventures as well as an angel investor in over twenty startups. Previously, Alex was the CFO of Mercadolibre, the leading e-commerce ecosystem in Latin America.
Dan Winter, Investment Director, Full Circle Venture Capital and Black Sheep Capital
Dan is an Investment Director at both Full Circle and Black Sheep, investing in dozens of startups from pre-seed to Series B. He sits on the board of Amber Electric as one of their earliest investors. Prior to starting in VC, Dan worked across technology and strategy at Accenture, focussing on advising energy sector clients.
Eytan Lenko, Adivsor, Giant Leap Fund, Impact Investment Group
Eytan advises the Impact Investment Group's Giant Leap Fund on clean energy investments, such as in EnergyLab alumni Amber Electric. Eytan is also an angel investor and holds various board positions, including the Chair of Beyond Zero Emissions and a Director of the Australian Environmental Grantmakers Network. Previously, Eytan founded Outware Mobile, which was acquired in 2017.
Jeremy Kwong-Law, CEO & CIO, Grok Ventures
Jeremy manages the private investment portfolio for Mike & Annie Cannon-Brookes - Grok Ventures. He's led investments in a bunch of energy startups/companies, including Zoox, Brighte and Sun Cable. Prior to starting at Grok, Jeremy founded several fintech startups and worked at Macquarie Capital.
Melissa Chan, Strategic Advisor, Malcolm Turnbull's Family Office
Melissa advises on the investment portfolio for the family office of the former Australian Prime Minister, Malcolm Turnbull. She has previously worked as an advisor to the Australian Government, and as a management consultant specialising in business strategy and investment across the Asia Pacific, Middle East and Africa.
Mark Bonnar, Managing Director, Southern Cross Venture Partners
Mark is arguably Australia's most experienced energy startup investor, having made a dozen investments through the $120 million Renewable Energy Venture Capital Fund he established. Mark sits on the boards of a number of successful energy startups, including Wattwatchers and GreenSync, and is a member of the Australian Investment Council.
Tuan-Anh Tran, Venture Partner, Alabaster
Tuan-Anh ('TA') leads deeptech investments at Alabaster, an early-stage investor backing founders to leverage breakthrough science for positive, planet-level impact. Previously, he helped roll out energy infrastructure in Vietnam and was an early team member at Misfit (acquired by Fossil Group for US$260m). TA has an undergraduate degree and a DPhil in engineering from Oxford University.
Ulric Ferner, Principal, Right Click Capital
Ulric is Right Click Capital's energy expert and one of the most active energy startup investors in Australia. Before getting into VC, Ulric advised energy utilities at the Boston Consulting Group and has a PhD in computer science from MIT.
To fit in with your busy schedule, EnergyLab's Scaleup Program is structured but manageably spaced over three two-week modules. Each module will include a series of high-value virtual meetings and events to maximise impact per hour.
7-18 June 2021
You'll start the program by getting to know the other participants in the program and the wider EnergyLab community. You will spend time with Australia's most successful clean energy entrepreneurs and present at a public and private event.
26 July-6 August 2021
The Investment Module is all about meeting the group of Australia's most active energy-sector investors who have volunteered as mentors for the program. You'll have a chance to present to each of them and receive verbal and written feedback on how you can improve your presentation and your plans.
6-17 September 2021
To cap off the program, we'll arrange a series of events to raise your profile again. We'll invite the investors back and bring our partners together to learn about your progress, and feature you in a public demo day.
Participate for free
EnergyLab's Scaleup Program is completely free to join - we won't charge a cent or take any equity in your business.
Hear from some of our alumni
“ EnergyLab's Scaleup Program was a great place to meet like minded founders and connect with the industry to discuss strategic opportunities and the evolution of the energy system. ”
“ The EnergyLab Scaleup Program was great. Pairing off with end users to talk about piloting, meeting a large pool of potential investors, and lots of opportunities for peer to peer learning were all blended in a way that provided good value to time-poor founders. ”
“ EnergyLab's network of companies, mentors and staff is the best way to learn more about the Australian energy market while expanding your business! ”
Applying for the EnergyLab Scaleup Program is easy. Simply fill in an application form, attend an interview, and meet with our main utility partners.
Due 8 March 2021
The first step in applying for EnergyLab's Scaleup Program is to fill in an online application form.
We use your answers to determine whether our Scaleup Program can help you achieve your goals.
22-31 March 2021
The best applicants will be invited to attend an interview with the EnergyLab team during which we will clarify parts of your application and discuss your suitability for the program.
The interviews will be 20 minutes long and held over video conference.
27-30 April 2021
About half of the interviewed applicants will be invited to a virtual speed networking session with our main utility partners so you can explore the fit between their needs and your technology.
Before these sessions, we'll ask you to submit a 5-minute video pitch for our partners to review, so you can get down to business during the meeting.
If we make you an offer to join the program, we'll organise a video call shortly afterwards to answer any final questions you have before deciding whether or not to accept our offer.
What we're looking for
During the selection process, we will assess your application against three key areas.
Your startup is led by a full-time CEO (or equivalent) who is committed to participating in the program. We believe they will treat our mentors, staff and stakeholders with respect and take full advantage of what the program has to offer.
You're commercialising technology that will help shift the world to 100% clean energy or is otherwise relevant to our utility partners. Your technology has been proven with at least one happy, paying customer or another third party.
Potential for scale
You have a proven business model that will enable your startup to grow rapidly and are targeting a large market who clearly need your solution.
The 2021 intake of EnergyLab's Scaleup Program will run between Monday 7 June 2021 and Friday 17 September 2021.
Possibly! While EnergyLab's focus is on clean energy, we take a very broad view of what that means and our partners are interested in anything that will help them solve their challenges or explore new markets. If you're unsure if you're a good fit for this program, please email us and we'll tell you for sure.
Yes, as the program will be delivered 100% online, you can participate in the program from anywhere in the world. However, you will need to regularly attend virtual meetings and events around 10am - 2pm Sydney-time.
No. Your business can be registered anywhere in the world. If you're not an Australian or New Zealand company, our only requirement is that you're serious about exploring the Australian or New Zealand market.
No, the program is completely free; we don't charge cash or equity for participation. Our partners cover the cost of the program so you can participate for free.
No, but we'll help you raise your next round on your own terms. We'll introduce you to Australia's most active cleantech and energy sector investors and help you raise the right amount and type of capital for your business at the right time.
No, the program is virtual but we have offices in Sydney, Melbourne and Brisbane should you want to use them and we'll organise in-person events in cities where there are enough participants.
Only one, as long as that person is the CEO or equivalent. You're welcome to bring more if you want.
Some program activities will require the CEO (or equivalent) to be present, at others an executive or founder will be welcome to represent the organisation and some activities will be optional. Other members of your team are welcome to join if they want.
The structured program activities run over three two-week modules: the Kickoff Module, Investment Module and Graduation Module. During these modules we will aim to run one activity at the same time each day so you can balance the program with your other commitments. Some program activities will require the CEO (or equivalent) to be present, at others an executive or founder will be welcome to represent the organisation and some activities will be optional.
The 2021 Scaleup Program cohort will be made up of 5-10 companies.
Please email [email protected] if you have any other questions.